Fed chairman suggests further US rate cut
Federal Reserve Chair Jerome Powell on Monday signaled the likelihood of further monetary policy easing, saying recent data suggest little change in inflation and employment conditions since the central bank’s last rate cut in September.
IMF lowers global growth outlook as uncertainty mounts
The International Monetary Fund (IMF) has revised down its global growth forecasts in its October 2025 World Economic Outlook (WEO), reflecting the growing impact of trade protectionism, policy uncertainty, and weakening fundamentals across major economies. Global GDP growth is now expected to slow from 3.3 percent in 2024 to 3.2 percent in 2025, and further to 3.1 percent in 2026—a cumulative 0.2 percentage point drop from earlier pre-policy shift projections.
IMF sees persistent trade gap, slower output growth
The Philippines is expected to continue running a significant current account deficit this year, indicating persistent reliance on foreign capital to fund domestic spending, according to the International Monetary Fund’s (IMF) latest World Economic Outlook.
Pacific Sun proposes large scale solar farm in Ilocos Norte
Pacific Sun Renewables Corp. is planning to build a P4.9 billion solar power plant in Paoay, Ilocos Norte. The project aims to generate 120.96 megawatts (MW) of electricity and will cover about 81.81 hectares across Barangays Mumulaan, Suba, and Nagbacalan.
Graft trial of former ARTA chief Belgica to move forward — Sandiganbayan
The Sandiganbayan has ordered the graft trial of former Anti-Red Tape Authority (ARTA) chief Jeremiah Belgica and four other former officials to proceed, rejecting their appeals to halt the case.
